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A highly rated corporate bond with five years left until maturity was recently quoted as selling for 92.398. The? bond's par value is ?$1,000?,and its
A highly rated corporate bond with five years left until maturity was recently quoted as selling for 92.398. The? bond's par value is ?$1,000?,and its initial interest rate was 5.34 percent. If this bond pays interest every six? months, and it has been four months since interest was last? paid, how much would you be required to pay for the? bond?
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